British Pound Collapses Amid Brexit Fears
As the in-out debate on the future of Britain’s membership of the European Union seems to favour a Brexit outcome – the pound sterling has fallen against the U.S. dollar. The British pound fell against the dollar due to very real fears that Britain will vote to leave Europe in the June 23 referendum. Telesurtv.net reports: The sterling fell to a near seven-year low during the session after popular London Mayor Boris Johnson said he would campaign to leave the EU ahead of a June 23 referendum.